TaylorMade Golf Sells for $425 Million a Day After Rory McIlroy Signs with the Company

PONTE VEDRA BEACH, Fl. – TaylorMade Golf, which has been up for sale for a year now, has finally found a buyer. According to GolfNewsNet, the news that KPS Capital Partners LP was purchasing the company, along with Adams Golf and Ashworth was sent out internally to employees on Wednesday.

Via GNN: The purchase follows an internal announcement in March that Adidas AG would begin a formal separation process with TaylorMade Golf which began immediately and would conclude in October 2017.

The New York-based KPS Capital Partners has investments in several industrial companies, including Chassis Brakes International and Electrical Components International.